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German drugmaker Bayer cuts dividends to legal minimum to reduce debt
Frankfurt: German drugmaker Bayer said that it was amending its dividend policy to pay the legal minimum for a period of three years to reduce debt, in a decision it said it did not take lightly.The company said it was facing high debt and interest rates, as well as a "challenging free cash flow situation"."One of our top priorities is reducing debt and increasing flexibility," Chief...
Frankfurt: German drugmaker Bayer said that it was amending its dividend policy to pay the legal minimum for a period of three years to reduce debt, in a decision it said it did not take lightly.
Read also: Bayer CEO says company stands behind glyphosate
Ruchika Sharma joined Medical Dialogue as an Desk Editor for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751